The 2018 Magic Millions Gold Coast Yearling Sale has been declared the best ever with records tumbling across the board during a spectacular six days of selling.

Today over $1.2 million was traded across Book Three of the Gold Coast Yearling Sale and the incredibly successful Summer Racehorse Sale.

Led by stakes performed sprinter Nikitas, the Summer Racehorse Sale boasted a gross of $927,000 with an average price of almost $30,000 and clearance of 97 per cent.

Nikitas sold for $195,000 to Neville Morgan and was joined by Godolphin offerings Caffeine ($115,000) and Mogador ($110,000) to make six figures. Across all days of selling some $168,753,500 was traded on the outstanding selection of stock on offer from breeders from Australia and abroad. The clearance rate from all horses from Day One to Six was 90 per cent.

Magic Millions Managing Director Vin Cox has mixed feelings about the record breaking sale and carnival with this being his last at the helm of Australia’s leading thoroughbred auctioneer. “This has been the most incredible sale and carnival,” Cox said. “A truly spectacular success.”

“There are so many moving parts that make this sale and carnival the success that it’s been. Everyone came to the Gold Coast and played their part well beyond our most optimistic expectations we therefore thank them across the board.”

Vin Cox’s tenure as Managing Director will conclude on Friday. The company’s current bloodstock manager Barry Bowditch will start next week in the role as Managing Director, while Clint Donovan becomes Bloodstock Manager.

By Ritesh Jamkhedkar - ritesh.jamkhedkar@secretariatsworld.com